Gold Facts
February 1, 2012 Leave a comment
For Whom Wealth Matters
Filed under Precious Metals, Theory Tagged with Gold, gold consumers, gold ETF, gold investing, Gold Investment, Gold Jewellery, gold prices, gold producers, gold reserves, per capita gold, postaday
October 9, 2011 5 Comments
India is the world’s biggest market for gold.
Imports meet almost all the country’s 800-900 tonnes per year requirements for jewellery and investment.
The market was only freed up in 1997, when the government allowed banks and other state-run trading firms to import the sensitive commodity directly.Only 31 state-run and private banks along with government trading agencies have licences to import gold because of its implications for foreign exchange flows. Read more of this post
Filed under Precious Metals Tagged with Gold, gold ETF, gold import, import duty, MMTC Ltd, postaday2011, Rajesh Exports, RandomBlog2011, Reliance Jewels, Titan Industries